OpenAI's $30 Billion Funding Round Targets $1.4 Trillion Valuation Before Anthropic IPO
OpenAI wants $30 billion, and it wants the money before Anthropic starts selling itself to the public. Reuters reported Monday that the ChatGPT maker is racing to lock in investor commitments for a funding round of about $30 billion that could value it at more than $1.4 trillion — with the timing anything but subtle. The company hopes to close the round before rival Anthropic’s expected IPO in mid-November, when Anthropic’s own financial disclosures would hand investors a side-by-side comparison that neither lab seems eager to face. ...